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724 NW 7th Avenue

Gainesville, FL 32601

3 beds
2 baths
1,434 sqft
4,792 sqft lot
$235 per sqft
1960 build
– on site

Under contract-accepting backup offers. UF students and Grad students - why pay $2,000+ rent when you can buy this amazing home less than 1 mile to UF and make money while completing your education! Rare opportunity to own this beautifully remodeled craftsman style home in a prime location less than 1 mile to UF! Split bedroom plan featuring 3 large bedrooms and 2 full bathrooms. Open kitchen with quartz countertops and new appliances. Luxury vinyl flooring throughout the house. Main bedroom is split from the guest bedrooms and features a luxury bathroom and a side patio with a large swing. Side patio separate entrance to the main bedroom and to the laundry room so the main bedroom can be used as an in-law suite or rental unit. Front entrance Florida Room is huge and bright with windows and LVP flooring. All stainless steel appliances highlight the open kitchen. Why waste money on rent when you can own this beautiful property and make money short and long term as a great investment. So close to everything! 1/2 mile to Santa Fe College Charles L. Blount Center, .4 miles to Flatfish Bakery, .7 miles to Publix on 13th (UF), .8 to Matherly Hall at UF, 1.5 miles to Ben Hill Griffin Stadium, Less than 1 mile to Dragonfly Sushi and downtown and less than 1.5 miles to Depot Park and the 4th Ave Food Park and so much more. Here's the math: Scenario 1: Renting a Similar Property Near UF Rent: $2,200/month Annual Rent Cost: $26,400 Total Rent Over 4 Years: $105,600 Scenario 2: Purchasing 724 NW 7th Ave Total Housing Cost Over 4 Years: $116,640 Net Equity Gained After 4 Years: $66,900 Net Cost of Buying (Before Rental Income): $49,740 Rental Income from Extra Bedrooms Estimated Rent per Bedroom: $800/month Total Rent for 2 Bedrooms: $1,600/month Annual Rental Income: $1,600 × 12 = $19,200 Total Rental Income Over 4 Years: $19,200 × 4 = $76,800 Net Cost of Buying After Rental Income Net Cost Before Rental Income: $49,740 Less Rental Income (2 Bedrooms): $76,800 Final Adjusted Net Cost: -$27,060 (Profit!) Updated Savings Comparison: Renting vs. Buying Total Rent Paid Over 4 Years: $105,600 Final Adjusted Net Cost of Buying (After Rental Income): -$27,060 (Profit!) Potential Savings vs. Renting: $132,660 Final Takeaway With this setup, not only does buying save over $132K vs. renting, but it actually turns into a profitable investment, generating $27,060 in positive cash flow over four years.

Listing courtesy of STELLAR_MLS / COMPASS FLORIDA, LLC

Last checked: Checking… • Last updated Mar 27, 2025 •

MLS# GC527446 —

The Building

Year Built:

1960
New Construction:

false
Architectural Style:

Cottage
Construction Materials:

HardiPlank Type
Levels:

One
Stories Total:

1
Roof:

Metal
Foundation Details:

Crawlspace
Patio And Porch Features:

Covered
Building Area Total:

1634
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Luxury Vinyl
Fireplace:

false

Room Dimensions

Living Area:

1434
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From UF - Take University to 7th and this property is on 7th and 7th near Santa Fe's downtown campus.
Latitude:

29.657693
Longitude:

-82.332619
Coordinates:

-82.332619, 29.657693

The Property

Parcel Number:

13510013000
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Size Acres:

0.11
Lot Size Area:

4792
Lot Size SqFt:

4792
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RC
Direction Faces:

North
View:

false
Exterior Features:

Balcony
Vegetation:

Mature Landscaping
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

13
Tax Legal Description:

RENAISSANCE S/D PB M-3 LOT 13 OR 2562/ 1069
Tax Book Number:

M-3
Tax Annual Amount:

2263.16

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/GC527446
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Inside

The Community

Subdivision Name:

RENAISSANCE SUB
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Cats OK
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Monthly cost estimate

Asking price

$338,000

Expense	Monthly cost
Mortgage	$1,809
Taxes	$188
Insurance	$92
Utilities	$168 See report
Total	$2,257/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Cox

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
3/27/25 Mar 27, 2025	Pending	STELLAR_MLS	$338,000
3/11/25 Mar 11, 2025	Price Changed	STELLAR_MLS	$338,000	-0.3%
1/16/25 Jan 16, 2025	Listed / Active	STELLAR_MLS	$339,000	123.0% (27.2% / YR)

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This house located in Fifth Avenue, Gainesville, FL 32601 is currently pending sale for $338,000. 724 NW 7th Avenue is a 1,434 square foot house with 3 beds and 2 baths that has been on Estately for 89 days. 724 NW 7th Avenue is in the Fifth Avenue neighborhood of Gainesville and has a WalkScore® of 81, making it very walkable. This house is in the attendance area of J.J. Finley Elementary School, Westwood Middle School, and Gainesville High School.

Listing Courtesy of: STELLAR_MLS and COMPASS FLORIDA, LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.